Zacks.com Announces That Ian Wyatt Highlights the Following Stocks: YouBet.com, Kintera and Tivo
CHICAGO--(BUSINESS WIRE)--Feb. 25, 2005--The fourth quarter earnings season isn't over yet, and Ian Wyatt, editor of the Growth Report newsletter, has provided some performance updates for high growth investment opportunities. Take a look at YouBet.com (NASDAQ:UBET), Kintera (Nasdaq:KNTA - News) and Tivo (Nasdaq:TIVO). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84
Highlights from the February 18th Featured Expert column by Ian Wyatt includes:
YouBet.com Q4 Results
Leading online wagering company YouBet.com (NASDAQ:UBET) recently reported Q4 and 2004 financial results. For the quarter, total wagers grew 9.7% to $76.7 million. Total revenue, which is commissions plus other revenue, was $16.2 million, a 14% increase. Net revenue, or total revenues minus track and licensing fees, was $5.3 million, an increase of 4.2%. The company posted net income of $535,000 or $0.02 per share versus a net loss of $1.2 million or $0.04 per share in the year ago quarter. On a 'same track basis' the company saw a 35% increase in Q4 revenues, and a 25% increase in handle.
For 2005, YouBet plans to focus on two objectives. First, the company plans to grow handle and revenues organically and through consolidation of other providers and competitors. As one of the only publicly traded pure plays in this space, Ian Wyatt and his team believe YouBet is well positioned to use stock and cash in acquisition activities. Secondly, the company plans to diversify its sources of revenues through initiatives such as the recent acquisition of International Racing Group that will open up international opportunities for YouBet.
Kintera Q4 Results
Kintera (Nasdaq:KNTA), a leading provider of software as a service solutions for nonprofits, recently announced financial results for Q4 and 2004. Revenue for the quarter was $7.8 million, a 176% increase from $2.8 million in the year ago quarter. For the full year, revenue almost tripled to $23.7 million from $8 million in 2003. Despite the major revenue growth, Kintera continues to post substantial losses. For the quarter, the company posted a loss of $5.9 million or $0.21 per share, better than the loss of $0.23 - $0.25 management guided to. For 2004, the company processed $149.2 million in transactions, versus $14.3 million in 2003.
Wyatt and his team's outlook for Kintera continues to be positive. The company appears to be on track, and continues to experience massive top line growth as online giving comes mainstream. While Kintera is one of their earlier stage plays in the Growth Report portfolio, Wyatt and his team remain convinced that the company continues to experience solid growth organically and through its aggressive string of acquisitions.
Tivo Achieves 3 million Subscriber Milestone
Tivo (Nasdaq:TIVO) this week announced that as of January 31, the end of the company's fiscal Q4, the company had achieved its goal of 3 million total paying subscribers. During the quarter the company added a net 698,000 subscribers, of which 251,000 are Tivo-owned, and 447,000 are through the DIRECTV channel.
Read all of Ian Wyatt's commentary on the stocks above and other stocks by clicking: http://at.zacks.com/?id=85
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